Things should start to pick up/recover very quickly here, i think.
Not only do we have 2 sub holders throwing more $ in this week (conveniently at the low.. nothing suss), but the seller who has caused the majority of the recent drop, for no reason other than panic market, has finished up yesterday morning i believe.
Khaki investments, who I am certain were 1 of the big players that Pinnacle distributed a 3 raise to, have been dumping 2.8m.
They had 1.1m left end of last week, and kept dumping in to 2.5 or higher this week.
Once the last 84k went on open yesterday, there was no more selling in to 2.5, and things were able to start picking up a couple of pips.
Khaki are also the 6m seller on Noroa.
They got a 3 raise, free ops.. have sold down (not sure from how much higher) to as low as 2.5, and when the ops move, even the lowest sold are still getting their 3.
They've tortured the SP in the last fortnight, and I really wonder if there was more to it, with a certain mob driving the price down, expecting the next $200k placement.
Note that 7Sundays, APSEC and SGH have not sold anything at all, only accumulation.. so I made it very clear how p..... off I would be if a certain mob scored another placement, after watching the trading, seeing who was behind most of the drop from 6's to 2's!
I really hope people/authority pay attention to what goes on and how corrupt it is, in my opinion.
Just happy that the right players have been given the recent placement. The shares are clearly with accumulating sub holders who aren't selling.
I don't actually know which party was buying up heavily in the 6's. I assumed it was 7Sundays, but their sub notice shows 4.9. It would be very interesting to find out where all the 6 buying was coming from.
It's also interesting that there are 3 players who have increased $100k/4m, although 1 of them must have transferred over the 2 days we saw a 2.5 and 1.5m trades.
The top holder lists show 7Sundays up 4m, APSEC up 4m (new JPM holding), and the interesting 1 is the high profile bookie, Kingsley Bartholomew also up exactly 4m.
Not sure where they came from, unless possibly set up to take 4m from Khaki.
He doesn't have any noroa.. surely could do with a quick 6m!
It's all very promising I believe.
Any positive updates this week with Oracle, spark, telco could see things get up quickly, with minimal sell side to 3.6 now, and the seller that's been strangling the SP for the past 2 weeks, out of bullets.
Also, in case anyone actually wanted to do some research, rather than constantly posting negativity regarding spark downloads..
I did a Google search just now, which took 1 minute, compared to weeks of repetivite complaining from people who hate Nor daily.
Spark's wait times were extended...
"Spark said today that the temporary closure of its customer care centres in Manila was due to precautions put in place by the Philippines Government to prevent the spread of Covid-19."
Do you really expect Spark to mass ramp up VM when their call centre is temporarily closed?
They now have things getting back on track.. so watch this space.
Obviously $50k-$100k revenue a week means probably <10,000 quick downloads.. so daily complaining about the stagnate downloads is silly.
We will know when it fires up, and it clearly hasn't yet, due to covid 19.
This is clearly not Nor's fault, although the same people continue to trash them daily, rather than what is affecting every stock - the current global pandemic.
Now's the time... all my opinion, and FACT.
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